US President Donald Trump has announced a 25% tariff on all trade with the US for any country trading with Iran, in a major escalation of his tariff policy following unrest in the Middle East country.<\/p>\n
In a post on his Truth Social account, he said the order is \u201cfinal and conclusive\u201d and effective immediately.<\/p>\n
The move will rock relations with China, which bought on average 1.38 million barrels per day of Iranian oil last year, although its LNG volumes were negligible as sanctions, lack of investment and infrastructure challenges have hindered Iran\u2019s development of an export industry.<\/p>\n
A spokesperson for the Chinese embassy in Washington stated that China \u201copposes any illicit unilateral sanctions and long-arm jurisdiction\u201d and will take \u201call necessary measures\u201d to protect its interests.<\/p>\n
India\u2019s total bilateral trade with Iran stood at\u00a0$1.34bn\u00a0for the first 10 months of 2025, according to its commerce ministry.<\/p>\n
The UAE and Iran have significant bilateral trade too, while Germany\u2019s exports to Iran were $1.34bn in 2024, according to United Nations data.<\/p>\n
Iran holds 3.8 billion metric tonnes of iron ore, around 2% of global reserves, and also has significant reserves of copper, zinc and bauxite.<\/p>\n
\u201cThe country\u2019s metal production has grown in recent years after considerable investments in the industry with key exports of steel, copper, iron ore and zinc to countries in Asia, Europe and the Middle East,\u201d notes S&P Global.<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump has announced a 25% tariff on all trade with the US for any country…\n","protected":false},"author":2,"featured_media":404525,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[195089,23,195086,3,942,195087,195088,21,19,22,20,25,24],"class_list":["post-404524","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-8-billion-metric-tonnes","tag-america","tag-long-arm-jurisdictionrdquo","tag-news","tag-president-donald-trump","tag-truth-social-account","tag-united-nations-data","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/404524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=404524"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/404524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/404525"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=404524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=404524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=404524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}